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Gbpusdsetup

GBPUSD SHORT on hawkish FEDDollar climbs on expectations of a still hawkish Fed The dollar has been boosted by the release of forecast-smashing U.S. jobs figures, prompting U.S. Treasury yields to soar as a robust labor market coupled with stronger-than-expected print on the Fed’s preferred inflation index earlier in May pointed to the U.S. central bank keeping interest rates higher for longer. The Fed meets next week and expectations of another rate increase are rising, particularly given the growing hopes the U.S. economy is headed for a 'soft landing' after Congress's approval last week of a debt ceiling deal that averts U.S. default. The Fed enters its traditional blackout period this week, but there is more data to digest, including the ISM services PMI later Monday, which is expected to point to a still solid rate of expansion. Bears on the prowl at resistance GBP/USD started the week off by dropping below 1.24, approaching a two-month low of 1.2306 reached on May 25th, as investors perceive a narrowing interest rate gap between the US and the UK. However, the Pound recovered those losses on the back of the weaker US dollar and data that put the Fed back into the spotlight on a dovish tip. Technically this leaves GBP/USD in no-man's-land, treading water at the top of a 100-pip box as follows: The bias is therefore bearish while below the counter-trendline and with in-the-money longs a target for the bears for the sessions ahead. However, a break of the resistance around 1.2450 exposes 1.2500 resistance:1,23500
Short
by DaveBrascoFX
GBPUSD Strong correction before the declineHi, According to GBPUSD Market Analysis. There is a high probability of further decline. With the pair retreating from a very strong resistance at the level of 1.25500, and a strong correction of the golden ratio of 0.61%. We also notice a downward channel. The price has broken the upward trend. in green, as shown in the analysis. Good luck everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short
by inv_market09
14
GBPUSD ascent is overHello, traders. According to my analysis of the GBPUSD pair. There is a high probability of going down. With the price reaching a very strong resistance. At the level of 1.26300. There is also a trend of the ascending channel that came in this area. The candles are very negative for the daily time frame. They indicate the strength of the sellers. good luck for everbody .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short
by inv_market09
16
GPBUSD We could see more continuation to the downside(130pips)The main idea of this analysis begin with an important low that have not been liquidated yet. The monthly low of April 3, 2023 is where the price is moving to in short term. Before the price make a reversal to start moving higher this important level needs to be liquidated. Fundamentals Odds are highest for an agreement late tonight or tomorrow, Goldman said, enabling a House vote on Tuesday or Wednesday. The GOP warned a “lot of hangups” remain. A soonest all this process is complete we could expect a stronger dollar. The market has been very optimistic which had make the dollar strong this past few weeks. With the dollar getting stronger this move that we are expecting is more likely to happen. Monthly The price is currently making higher highs. In this time frame we have bullish structure. This bullish structure goes against our bearish analysis. This doesn't means anything because we are waiting a short term move. Also, the price has more room to make a deeper correction. Weekly The price is currently making is correction for a possible continuation to the upside. There is more room for the continuation keep continued lower. Daily Price is currently in a downtrend making lower lows. The price is currently making a correction for a possible continuation to the downside. The price before making any reversal will try to get the most liquidity it can. Before any changes in trend the price will get to the level we want it.
Short
by Wiiso
2
GBPUSD: Bears are still too strong!TECHNICAL ANALYSIS If GBP/USD climbs above 1.2380, which is the 20-period SMA and the upper limit of the descending channel, and utilizes it as support, it may face temporary resistance at 1.2400 and 1.2420 before aiming for 1.2450, which is the Fibonacci 23.6% retracement of the latest uptrend. If it goes downwards, the first support is at 1.2330, the midpoint of the descending channel, followed by 1.2300 and 1.2240, which are the psychological level and Fibonacci 50% retracement respectively.
Short
by Jiren-SphynChannels